INDIANAPOLIS, April 25, 2023 /PRNewswire/ — Proteus, LLC announced that Primark Capital has selected them to deploy a technology-enabled co-investment market. After extensive research, Primark favored Proteus’ impressively scalable yet efficient technology platform and deep structuring knowledge in the private markets.
“We were beyond impressed as Primark shared their vision for this co-investment market with us,” said Jason Brown, CEO at Proteus. “We were also thrilled to have been included in Primark’s evaluation for a partner to deliver on their vision. The Primark team had a strong definition of their goals for this solution and quickly determined the Proteus offering stood well above the crowd in its exceptional efficiency, flexibility, and scalability to deliver on this complex initiative.”
“Primark, as is evidenced in our name, is focused on the private markets. This co-investment market will be an opportunity for advisory firms that work with us,” said Michael Bell, Managing Director of Primark. “Right out of the box, the Proteus solution stood out immediately to us in its ability to adapt to our demanding requirements. Further, our organizations share a common goal of delivering solutions to our clients and partners that truly solve problems and make a positive difference in business outcomes. This will be an exciting partnership.”
Primark and Proteus will make co-investment opportunities (identified, sourced, and reviewed by Meketa Investment Group (“Meketa”)) available to Primark’s wealth advisory clientele and their investors (“Primark Clients”). The Proteus platform will facilitate the distribution and communication of the co-investment opportunities to Primark Clients and subsequently facilitate investments through evergreen feeders that Proteus will form and operate.
The evergreen feeders are expected to allow Primark Clients to build bespoke and robust portfolios of co-investments with only having to execute a single subscription document, regardless of the number of co-investments in which they participate. Primark Clients will also enjoy robust portfolio management tools to track and report on their co-investment portfolios. Lastly, Primark Clients will enjoy a single periodic statement and annual K1 reflecting all their co-investments made through the platform.
About Primark Capital
Primark Advisors LLC (a wholly owned subsidiary of Primark Capital), is an investment adviser registered under the Investment Advisers Act of 1940, exclusively focused on building and managing private equity investments that seek long-term capital appreciation and low correlation to the broader public equity markets. Primark sponsors these investment structures to give individual investors access to institutional private equity opportunities once reserved for foundations, endowments, pensions and other institutions. For more information, please visit www.PrimarkCapital.com.
Founded in 1978, Meketa is an employee-owned, full-service investment consulting and fiduciary management (OCIO) firm. As an independent fiduciary, the firm serves institutional investors in nondiscretionary and discretionary capacities. Meketa’s collective client assets under advisement represent approximately $1.7 trillion as of December 31, 2022. For more information, please visit www.meketa.com.
Proteus is an alternative investment platform. The platform provides access to institutional-quality investment opportunities, including private funds, alternative investment model portfolios, and sub-asset class pools which invest across the alternative investment strategy spectrum. Wealth advisors use the platform to research alternative investment managers and investments, review due diligence materials, and construct custom portfolios, thereby eliminating significant hurdles and inefficiencies that have plagued alternative investors for decades. Proteus, LLC is registered with the SEC as an investment adviser. For more information, please visit proteuscapital.us
Primark, Proteus, and Meketa are unaffiliated companies. No compensation was shared for endorsements herein.
SEC registration does not imply a level of skill or training.
This material is provided for informational purposes only and is not intended as and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Primark Capital (“Primark’). Past performance is not indicative of future results. Private market investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in a private market investment entails a high degree of risk and no assurance can be given that any private market investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change without prior notice and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and Primark assumes no liability for the information provided. Past performance is not a guarantee nor a reliable indicator of future results. With this investment, there are risks. There is no assurance that it will achieve its investment objective.
THE OPINIONS STATED HEREIN ARE THAT OF THE AUTHOR AND ARE NOT REPRESENTATIVE OF THE COMPANY. NOTHING WRITTEN IN THIS PRESS RELEASE BE CONSTRUED AS FACT, PREDICTION OF FUTURE PERFORMANCE OR RESULTS, OR A SOLICITATION TO INVEST IN ANY SECURITY.
SOURCE Proteus, LLC